The Federal Government of Nigeria has announced a reduction in the allowances for scholars studying abroad under the Bilateral Educational Agreement (BEA) Scholarship program. The decision, driven by the nation’s economic challenges, was communicated through a memo signed by the Director of the Federal Scholarship Board.
As reported by ThePunch, the memo dated July 23, 2024, revealed significant cuts. Monthly allowances for BEA scholars have been reduced from $500 to $220. Similarly, the graduation allowance has been lowered from $2,500 to $2,000, and the research allowance for postgraduate students has been halved from $1,000 to $500.
Consequently, the total annual payment to each student has dropped from $5,650 to $4,370. Scholars have been informed that these new payment structures would take immediate effect. Additionally, any outstanding balances owed to scholars for 2023 and 2024 would be settled once funds become available. This move has sparked considerable concern among Nigerian students overseas, many of whom have been facing financial hardships due to delays in receiving their stipends. Reports indicate that some students have not been paid for nearly eight months, with recent payments being short by about two and a half months.
Ayuba Anas, President of the Union of Nigerian Students under the BEA Scholarship program, has previously voiced frustration over these delays. He stated, “For several months now, scholars enrolled in various institutions abroad have been struggling financially due to the delay in receiving their stipends.”
The reduction in allowances by the Federal Government is likely to intensify the financial challenges faced by Nigerian students studying abroad. However, it remains uncertain how this decision will impact their ability to complete their studies and return to Nigeria.
Source: reportafrique.com
